Assenagon Asset Management S.A. Has $80.01 Million Stake in NMI Holdings, Inc. (NASDAQ:NMIH)

Assenagon Asset Management S.A. raised its position in shares of NMI Holdings, Inc. (NASDAQ:NMIH) by 38.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,942,428 shares of the financial services provider’s stock after purchasing an additional 534,818 shares during the quarter. Assenagon Asset Management S.A. owned 2.42% of NMI worth $80,009,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in NMI by 57.2% in the 3rd quarter. GAMMA Investing LLC now owns 728 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 265 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of NMI in the second quarter worth approximately $29,000. Quarry LP boosted its holdings in shares of NMI by 135.1% during the second quarter. Quarry LP now owns 858 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 493 shares during the period. Fidelis Capital Partners LLC purchased a new position in NMI during the first quarter valued at approximately $31,000. Finally, USA Financial Formulas acquired a new position in NMI in the 3rd quarter valued at approximately $57,000. Hedge funds and other institutional investors own 94.12% of the company’s stock.

NMI Stock Performance

NMIH traded down $0.20 on Thursday, hitting $39.29. The company had a trading volume of 82,731 shares, compared to its average volume of 531,720. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 0.93 and a beta of 1.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.67 and a quick ratio of 0.67. The company’s fifty day moving average price is $40.46 and its 200 day moving average price is $36.17. NMI Holdings, Inc. has a 1-year low of $26.41 and a 1-year high of $42.49.

NMI (NASDAQ:NMIH) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.15. The business had revenue of $162.12 million during the quarter, compared to the consensus estimate of $138.49 million. NMI had a net margin of 56.40% and a return on equity of 18.29%. NMI’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. Equities analysts predict that NMI Holdings, Inc. will post 4.5 earnings per share for the current fiscal year.

Insider Buying and Selling at NMI

In related news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $40.07, for a total transaction of $120,210.00. Following the completion of the transaction, the insider now owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider William J. Leatherberry sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $40.07, for a total transaction of $120,210.00. Following the transaction, the insider now owns 153,689 shares of the company’s stock, valued at approximately $6,158,318.23. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Embler sold 26,008 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $39.35, for a total transaction of $1,023,414.80. Following the completion of the sale, the director now directly owns 61,607 shares of the company’s stock, valued at approximately $2,424,235.45. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NMIH. Royal Bank of Canada raised shares of NMI from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $48.00 in a research note on Wednesday, September 18th. StockNews.com downgraded NMI from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Keefe, Bruyette & Woods raised their price target on NMI from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on NMI from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Barclays raised their price objective on shares of NMI from $43.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.43.

NMI Company Profile

NMI Holdings, Inc provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services, such as primary and pool insurance; and outsourced loan review services to mortgage loan originators. It serves national and regional mortgage banks, money center banks, credit unions, community banks, builder-owned mortgage lenders, internet-sourced lenders, and other non-bank lenders.